The global travel industry, forced to innovate amid the challenges of the last three years, is now focusing on transforming payment strategies, reports PhocusWire.
Emerging markets play a crucial role, prompting the evolution of a global payments strategy to navigate complex banking processes and regulations. Specialized payment providers with direct connections to critical markets expedite expansion, reduce costs, and foster growth.
Virtual cards, alongside B2B payouts, remain a preferred solution as the industry seeks profitability and seamless processes. The rise of digital payments, especially in Asia-Pacific, signals a shift in payment expectations.
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